August 25, 2009
I favor the circuit breaker if there must be a new short sale regulation. This has ceased to be an analytical decision and has become one of emotion. It seems that the feeling is that if we can restrict short selling, the market will no longer go down or if it does go down it will be much less. Under the current rules I question if there is more manipulation on the short side or on the long side. Both should be prosecuted. Do we really need more regulations to do this ?